Tullahoma USDA Loans

Tullahoma-Manchester, TN

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Tullahoma's 48 lenders originated 205 USDA loans during 2021. The total origination value was $37,555,000, with an average USDA loan value of $183,195.

Tullahoma USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tullahoma averaged 5.12% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.24% and one month ago for the week of 2022-07-01, the average rate was 5.38%.

The average rate one year ago was 3.26%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.98%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Tullahoma USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FIRST COMMUNITY MORTGAGE, INC. 40 3.10% $5,070
STOCKTON MORTGAGE CORPORATION 23 2.98% $5,067
CMG MORTGAGE, INC. 12 3.22% $6,627
ISERVE RESIDENTIAL LENDING, LLC 10 2.85% $5,431
GUARANTY HOME MORTGAGE CORPORATION 8 2.94% $5,155
The First National Bank of Middle Tennessee 7 2.55% $5,184
MORTGAGE INVESTORS GROUP, INC. 7 2.89% $5,432
Renasant Bank 6 3.08% $4,631
A Mortgage Boutique, LLC 6 2.79% $5,303
First Horizon Bank 6 2.77% $4,470
FirstBank 6 2.85% $5,116
Colten Mortgage, LLC 5 3.15% $5,473
F&M Bank 5 2.50% $5,392
PENNYMAC LOAN SERVICES, LLC 5 2.92% $4,429
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 2.93% $6,942
COMMUNITY MORTGAGE CORPORATION 3 2.42% $4,458
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.08% $5,559
CELEBRITY HOME LOANS, LLC 3 2.96% $5,428
U.S. Bank 2 3.25% $5,245
AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $3,083
BROKER SOLUTIONS, INC. 2 3.00% $4,818
CALIBER HOME LOANS, INC. 2 3.01% $4,965
CHURCHILL MORTGAGE CORPORATION 2 3.00% $5,419
Citizens Tri-County Bank 2 2.81% $5,756
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.81% $5,660
Legends Bank 2 2.75% $4,583
LOANDEPOT.COM, LLC 2 2.88% $6,135
ACOPIA, LLC 2 3.06% $6,157
GENEVA FINANCIAL, LLC 1 2.38% $5,509
AMERIFIRST FINANCIAL CORPORATION 1 3.25% $9,218
THE MORTGAGE FIRM, INC. 1 3.25% $5,203
Loan Simple, Inc. 1 3.75% $5,934
DAS Acquisition Company, LLC 1 3.00% $5,562
MOVEMENT MORTGAGE, LLC 1 3.13% $5,606
NEWREZ LLC 1 2.25% $7,887
Paramount Residential Mortgage Group, Inc. 1 2.63% $5,244
Citizens Bank 1 3.25% $4,413
Pinnacle Bank 1 2.88% $5,393
PLANET HOME LENDING, LLC 1 2.75% $5,430
Carrington Mortgage Services, LLC 1 2.88% $3,566
SOUTHWEST FUNDING, LP 1 3.88% $7,470
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $5,430
SUCCESS MORTGAGE PARTNERS, INC. 1 3.63% $4,508
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $3,361
HERITAGE SOUTH COMMUNITY CU 1 2.88% $8,234
T2 FINANCIAL LLC 1 2.88% $6,200
HOME POINT FINANCIAL CORPORATION 1 2.99% $2,993
Hometown Lenders, Inc. 1 2.75% $6,592

The top Tullahoma USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with 40 USDA loans originated. Their average total fees are $5,070, which is $2 higher than the next largest lender, STOCKTON MORTGAGE CORPORATION.

The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION ($5,067), FIRST COMMUNITY MORTGAGE, INC. ($5,070), ISERVE RESIDENTIAL LENDING, LLC ($5,431), CMG MORTGAGE, INC. ($6,627) and .

The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are ISERVE RESIDENTIAL LENDING, LLC (2.85%), STOCKTON MORTGAGE CORPORATION (2.98%), FIRST COMMUNITY MORTGAGE, INC. (3.10%), CMG MORTGAGE, INC. (3.22%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $257,450 (17.3%) $372,126 (17.7%) 0.00 347
2018-02-01 $279,200 (29.9%) $387,922 (24.7%) 0.00 335
2018-03-01 $278,500 (26.9%) $386,757 (22.1%) 0.00 342
2018-04-01 $294,950 (31.2%) $384,139 (16.7%) 0.00 340
2018-05-01 $299,900 (10.7%) $393,970 (2.0%) 0.00 341
2018-06-01 $310,000 (14.9%) $397,035 (4.5%) 0.00 358
2018-07-01 $299,700 (5.2%) $395,704 (1.1%) 0.00 364
2018-08-01 $297,250 (8.1%) $387,679 (0.9%) 0.00 374
2018-09-01 $279,900 (5.7%) $375,034 (-0.1%) 0.00 385
2018-10-01 $279,900 (5.6%) $372,496 (-1.3%) 0.00 390
2018-11-01 $276,750 (10.7%) $362,926 (-2.1%) 0.00 388
2018-12-01 $259,900 (0.0%) $339,904 (-9.9%) 0.00 386
2019-01-01 $259,900 (1.0%) $337,576 (-9.3%) 0.00 362
2019-02-01 $264,900 (-5.1%) $343,858 (-11.4%) 0.00 360
2019-03-01 $276,329 (-0.8%) $359,252 (-7.1%) 0.00 333
2019-04-01 $281,329 (-4.6%) $368,176 (-4.2%) 0.00 309
2019-05-01 $299,900 (0.0%) $383,318 (-2.7%) 0.00 320
2019-06-01 $299,500 (-3.4%) $381,982 (-3.8%) 0.00 337
2019-07-01 $299,945 (0.1%) $405,982 (2.6%) 0.00 345
2019-08-01 $291,380 (-2.0%) $404,688 (4.4%) 0.00 360
2019-09-01 $281,335 (0.5%) $402,371 (7.3%) 0.00 375
2019-10-01 $289,450 (3.4%) $405,538 (8.9%) 0.00 370
2019-11-01 $284,000 (2.6%) $400,545 (10.4%) 0.00 360
2019-12-01 $264,750 (1.9%) $375,806 (10.6%) 0.00 346
2020-01-01 $259,900 (0.0%) $372,832 (10.4%) 0.00 317
2020-02-01 $259,999 (-1.9%) $367,939 (7.0%) 0.00 300
2020-03-01 $296,250 (7.2%) $395,953 (10.2%) 0.00 283
2020-04-01 $279,900 (-0.5%) $386,480 (5.0%) 0.00 282
2020-05-01 $306,990 (2.4%) $402,773 (5.1%) 0.00 252
2020-06-01 $319,900 (6.8%) $405,581 (6.2%) 0.00 210
2020-07-01 $314,900 (5.0%) $396,578 (-2.3%) 0.00 196
2020-08-01 $320,000 (9.8%) $403,922 (-0.2%) 0.00 167
2020-09-01 $309,450 (10.0%) $426,568 (6.0%) 0.00 148
2020-10-01 $319,000 (10.2%) $437,031 (7.8%) 0.00 145
2020-11-01 $307,450 (8.3%) $453,531 (13.2%) 0.00 135
2020-12-01 $282,350 (6.7%) $433,203 (15.3%) 0.00 138
2021-01-01 $264,900 (1.9%) $411,435 (10.4%) 0.00 131
2021-02-01 $291,400 (12.1%) $429,463 (16.7%) 0.00 117
2021-03-01 $311,400 (5.1%) $457,944 (15.7%) 0.00 99
2021-04-01 $355,000 (26.8%) $533,981 (38.2%) 0.00 97
2021-05-01 $419,000 (36.5%) $520,499 (29.2%) 0.00 112
2021-06-01 $387,450 (21.1%) $534,925 (31.9%) 0.00 112
2021-07-01 $374,950 (19.1%) $521,715 (31.6%) 0.00 133
2021-08-01 $396,000 (23.8%) $518,839 (28.5%) 0.00 161
2021-09-01 $386,950 (25.0%) $525,535 (23.2%) 0.00 164
2021-10-01 $389,000 (21.9%) $564,730 (29.2%) 0.00 167
2021-11-01 $399,450 (29.9%) $587,863 (29.6%) 0.00 172
2021-12-01 $389,500 (38.0%) $583,232 (34.6%) 0.00 159
2022-01-01 $392,900 (48.3%) $575,580 (39.9%) 0.00 134
2022-02-01 $409,950 (40.7%) $601,395 (40.0%) 0.00 127
2022-03-01 $399,900 (28.4%) $607,225 (32.6%) 0.00 138
2022-04-01 $445,000 (25.4%) $595,210 (11.5%) 0.00 158
2022-05-01 $462,400 (10.4%) $614,343 (18.0%) 0.00 220
2022-06-01 $457,950 (18.2%) $613,833 (14.8%) 0.00 277
Tullahoma's median listing price for 2022-06-01 was $457,950, a difference of $70,500 (18.2%) versus the prior year and $-4,450 versus the prior month.

Tullahoma's median listing price comes in at 0% of the national average.

Tullahoma's average listing price for 2022-06-01 was $613,833, a difference of $78,908 (14.8%) versus the prior year and $-510 versus the prior month.

For the 2022-06-01 period, Tullahoma had 277 MLS listings, a difference of 57 listings (26%) versus the prior month and 165 listings (147%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,266 sqft
2018-02-01 0 days 2,297 sqft
2018-03-01 0 days 2,300 sqft
2018-04-01 0 days 2,310 sqft
2018-05-01 0 days 2,432 sqft
2018-06-01 0 days 2,474 sqft
2018-07-01 0 days 2,462 sqft
2018-08-01 0 days 2,372 sqft
2018-09-01 0 days 2,300 sqft
2018-10-01 0 days 2,263 sqft
2018-11-01 0 days 2,265 sqft
2018-12-01 0 days 2,150 sqft
2019-01-01 0 days 2,152 sqft
2019-02-01 0 days 2,186 sqft
2019-03-01 0 days 2,243 sqft
2019-04-01 0 days 2,300 sqft
2019-05-01 0 days 2,447 sqft
2019-06-01 0 days 2,422 sqft
2019-07-01 0 days 2,475 sqft
2019-08-01 0 days 2,381 sqft
2019-09-01 0 days 2,292 sqft
2019-10-01 0 days 2,285 sqft
2019-11-01 0 days 2,296 sqft
2019-12-01 0 days 2,168 sqft
2020-01-01 0 days 2,116 sqft
2020-02-01 0 days 2,067 sqft
2020-03-01 0 days 2,260 sqft
2020-04-01 0 days 2,213 sqft
2020-05-01 0 days 2,288 sqft
2020-06-01 0 days 2,293 sqft
2020-07-01 0 days 2,302 sqft
2020-08-01 0 days 2,373 sqft
2020-09-01 0 days 2,254 sqft
2020-10-01 0 days 2,300 sqft
2020-11-01 0 days 2,225 sqft
2020-12-01 0 days 2,021 sqft
2021-01-01 0 days 1,944 sqft
2021-02-01 0 days 1,928 sqft
2021-03-01 0 days 2,009 sqft
2021-04-01 0 days 1,980 sqft
2021-05-01 0 days 1,931 sqft
2021-06-01 0 days 1,989 sqft
2021-07-01 0 days 2,044 sqft
2021-08-01 0 days 2,140 sqft
2021-09-01 0 days 2,228 sqft
2021-10-01 0 days 2,304 sqft
2021-11-01 0 days 2,225 sqft
2021-12-01 0 days 2,215 sqft
2022-01-01 0 days 2,070 sqft
2022-02-01 0 days 2,108 sqft
2022-03-01 0 days 2,111 sqft
2022-04-01 0 days 2,136 sqft
2022-05-01 0 days 2,262 sqft
2022-06-01 0 days 2,286 sqft
Tullahoma's median listing age (time on market) for 2022-06-01 was 0 days.

Tullahoma's median square footage for active listings during the 2022-06-01 period was 2,286 sqft. One year prior, the average listing was 1,989 sqft.